Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

25
Posts
20
Votes
Tavis Moore
  • New to Real Estate
  • Flowood MS
20
Votes |
25
Posts

State of Kansas Depreciation

Tavis Moore
  • New to Real Estate
  • Flowood MS
Posted

Does anyone have information on depreciation in the state of Kansas?

I have a friend who says he can't get depreciation on his rental homes until he sales the property.

Is this true?

Because for me and my understanding of real estate depreciation (which isn't much) this makes zero sense for investors!

What would be the advantage of investing there if your rental income is taxed like ordinary income?

Please if his information is wrong can someone offer a source of the information?

Most Popular Reply

User Stats

3,852
Posts
3,155
Votes
Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
3,155
Votes |
3,852
Posts
Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
Replied
Originally posted by @Tavis Moore:

Does anyone have information on depreciation in the state of Kansas?

I have a friend who says he can't get depreciation on his rental homes until he sales the property.

Is this true? 

Because for me and my understanding of real estate depreciation (which isn't much) this makes zero sense for investors!

What would be the advantage of investing there if your rental income is taxed like ordinary income?

Please if his information is wrong can someone offer a source of the information?

Some states do have different tax depreciation rules. However, Kansas follows both bonus and sec 179 rule so depreciation should be the same as federal depreciation. 

business profile image
Investor Friendly CPA®
5.0 stars
215 Reviews

Loading replies...